Louisiana Revised Statutes 22:313 – Unfair methods of competition; unfair and deceptive acts and practices
Terms Used In Louisiana Revised Statutes 22:313
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Society: means fraternal benefit society. See Louisiana Revised Statutes 22:284
Every society authorized to do business in this state shall be subject to the provisions of Part IV of Chapter 7 of this Title, La. Rev. Stat. 22:1961 et seq., relating to unfair methods of competition and unfair or deceptive acts or practices; however, nothing in such provisions shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership, or as applying to or affecting the offering of benefits exclusively to members of persons eligible for membership in the society by a subsidiary corporation or affiliated organization of the society.
Acts 1987, No. 470, §1, eff. Jan. 1, 1988; Redesignated from La. Rev. Stat. 22:574 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2009, No. 503, §1.